Real Estate Investment Properties for Sale in Salem, VA

Looking for investment property in Salem, VA with high ROI ?

Explore a variety of short-term homes & houses in Salem, VA. Invest wisely with VRBO & Salem, VA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Salem, VA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
4056 Bendemeer Rd Salem, VA Stop! Don't overlook this recently remodeled home situated on 4 acres in Roanoke County/Gl...	3 beds \| 1 baths \| 1,248 sq.ft.	$239,950	Airbnb cash on cash: 5.98% Traditional cash on cash: 4.34% Airbnb Rental Income: $2416 Traditional Rental Income: $1453 Airbnb ROI: 5.98% Traditional ROI: 4.34%
5150 Cherokee Hills Dr Salem, VA Located in highly sought after Cherokee Hills subdivision just minutes from Glenvar school...	4 beds \| 2 baths \| 2,576 sq.ft.	$409,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.59% Airbnb Rental Income: $null Traditional Rental Income: $2067 Airbnb ROI: N/A Traditional ROI: 3.59%
1062 N Mill Rd Salem, VA New Construction-City of Salem-NO HOA DUES...Home offers brick and vinyl for ease of maint...	3 beds \| 2 baths \| 1,646 sq.ft.	$424,975	Airbnb cash on cash: 2.67% Traditional cash on cash: 3.34% Airbnb Rental Income: $2416 Traditional Rental Income: $2090 Airbnb ROI: 2.67% Traditional ROI: 3.34%
4269 Daugherty Rd Salem, VA MAJOR PRICE ADJUSTMENT ON THIS BEAUTIFUL NEW CONSTRUCTION patio home featuring 3 bedrooms,...	3 beds \| 2 baths \| 1,918 sq.ft.	$399,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 2.3% Airbnb Rental Income: $2416 Traditional Rental Income: $1805 Airbnb ROI: 2.35% Traditional ROI: 2.3%
1907 Carleton Dr Salem, VA This is a beautiful custom built brick home located in Roanoke County. The home features a...	4 beds \| 3 baths \| 2,860 sq.ft.	$554,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.74% Airbnb Rental Income: $null Traditional Rental Income: $2397 Airbnb ROI: N/A Traditional ROI: 2.74%
704 Joan Cir Salem, VA Beautiful Home with Saltwater Pool, Hot, Tub & Modern Upgrades! Welcome to this stunning h...	4 beds \| 3 baths \| 2,800 sq.ft.	$519,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.2% Airbnb Rental Income: $null Traditional Rental Income: $4348 Airbnb ROI: N/A Traditional ROI: 7.2%
1917 Connors Run Salem, VA Beautiful house in Glenvar school district just waiting on you to call it home! Welcoming,...	3 beds \| 3 baths \| 2,184 sq.ft.	$319,950	Airbnb cash on cash: 4.02% Traditional cash on cash: 4.92% Airbnb Rental Income: $2416 Traditional Rental Income: $2093 Airbnb ROI: 4.02% Traditional ROI: 4.92%
2517 S Clearing Rd Salem, VA SPACIOUS COMPLETELY REMODELED PATIO HOME FEATURING ENTRANCE LEVEL MASTER, 2 CAR GARAGE, NE...	3 beds \| 3 baths \| 2,095 sq.ft.	$388,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 2.58% Airbnb Rental Income: $2416 Traditional Rental Income: $1949 Airbnb ROI: 2.24% Traditional ROI: 2.58%
1750 Connors Run Salem, VA Beautiful Split-Foyer in quiet neighborhood in Glenvar School District. with 3 Bedrooms, 2...	3 beds \| 2 baths \| 1,558 sq.ft.	$299,950	Airbnb cash on cash: 4.47% Traditional cash on cash: 3.69% Airbnb Rental Income: $2416 Traditional Rental Income: $1604 Airbnb ROI: 4.47% Traditional ROI: 3.69%
2203 Inge Cir Salem, VA Brand New Roof - Brand New HVAC- Hardwood Floors- Fresh Paint throughout	4 beds \| 1 baths \| 1,909 sq.ft.	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $1322 Airbnb ROI: N/A Traditional ROI: 3.47%
5403 Tomahawk Cir Salem, VA BEAUTIFUL RANCH LOCATED ON SEMI PRIVATE LOT. CUSTOM UPGRADES THROUGH OUT. HARDWOOD FLOORS ...	3 beds \| 2 baths \| 3,228 sq.ft.	$389,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 2.18% Airbnb Rental Income: $2416 Traditional Rental Income: $1452 Airbnb ROI: 3.2% Traditional ROI: 2.18%
5583 Bradshaw Rd Salem, VA Move in ready, 3 BR, 2 BA ranch home on a level .62 acre lot. This home has a large kitche...	3 beds \| 2 baths \| 1,952 sq.ft.	$209,900	Airbnb cash on cash: 7.07% Traditional cash on cash: 6.84% Airbnb Rental Income: $2416 Traditional Rental Income: $1778 Airbnb ROI: 7.07% Traditional ROI: 6.84%
312 Lakehurst Ave Salem, VA 312 Lakehurst Ave, Salem, VA 24153 \| Single Family Residential	2 beds \| 2 baths \| 1,376 sq.ft.	$255,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 3.18% Airbnb Rental Income: $1350 Traditional Rental Income: $1229 Airbnb ROI: 1.96% Traditional ROI: 3.18%
4094 Bluebird Ln Salem, VA Welcome to 4094 Bluebird Lane, a custom-built California-style home situated on nearly 9 p...	3 beds \| 2 baths \| 4,346 sq.ft.	$670,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 1.5% Airbnb Rental Income: $2416 Traditional Rental Income: $2284 Airbnb ROI: 0.77% Traditional ROI: 1.5%
5774 Bradshaw Rd Salem, VA Nestled in a serene .78-acre lot, this cottage exudes warmth and character. You will feel ...	3 beds \| 1 baths \| 1,792 sq.ft.	$234,950	Airbnb cash on cash: 6.28% Traditional cash on cash: 5.77% Airbnb Rental Income: $2416 Traditional Rental Income: $1712 Airbnb ROI: 6.28% Traditional ROI: 5.77%
1913 S Clearing Rd Salem, VA 1913 S Clearing Rd, Salem, VA 24153 \| Condo/Coop	2 beds \| 1 baths \| 1,040 sq.ft.	$219,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 2.3% Airbnb Rental Income: $1350 Traditional Rental Income: $1135 Airbnb ROI: 1.34% Traditional ROI: 2.3%
2537 S Clearing Rd Salem, VA Enjoy easy living in this well-maintained 2 bedroom, 2 bathroom townhome located in Salem....	2 beds \| 2 baths \| 1,538 sq.ft.	$285,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 3.21% Airbnb Rental Income: $1350 Traditional Rental Income: $1780 Airbnb ROI: 0.06% Traditional ROI: 3.21%
1442 Antrim St Salem, VA 1442 Antrim St, Salem, VA 24153 \| Single Family Residential	3 beds \| 1 baths \| 1,440 sq.ft.	$268,500	Airbnb cash on cash: 5.34% Traditional cash on cash: 3.8% Airbnb Rental Income: $2416 Traditional Rental Income: $1433 Airbnb ROI: 5.34% Traditional ROI: 3.8%
507 E Burwell St Salem, VA Salem's newest subdivision with ONLY 7 homes (now only 5 available) under construction-wit...	4 beds \| 2 baths \| 2,252 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.79% Airbnb Rental Income: $null Traditional Rental Income: $2230 Airbnb ROI: N/A Traditional ROI: 3.79%
2429 Post Oak Rd Salem, VA THE SIMPLE LIFE! IT'S WHAT YOU'VE BEEN WAITING FOR. THIS 1 BEDROOM CONDO PROVIDES ONE LEVE...	1 beds \| 1 baths \| 1,000 sq.ft.	$217,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 2.03% Airbnb Rental Income: $905 Traditional Rental Income: $1063 Airbnb ROI: -0.39% Traditional ROI: 2.03%
4771 Little Bear Rd Salem, VA Want acreage & convenience, look no more....Almost 11 acres with one-level living featurin...	3 beds \| 2 baths \| 1,552 sq.ft.	$300,000	Airbnb cash on cash: 4.53% Traditional cash on cash: 5.47% Airbnb Rental Income: $2416 Traditional Rental Income: $2090 Airbnb ROI: 4.53% Traditional ROI: 5.47%
1612 Conehurst Blvd Salem, VA Former insurance office located across from Lakeside Kroger Center. Great Visibility. Idea...	2 beds \| 1 baths \| 1,776 sq.ft.	$165,000	Airbnb cash on cash: 3.71% Traditional cash on cash: 4.73% Airbnb Rental Income: $1350 Traditional Rental Income: $1097 Airbnb ROI: 3.71% Traditional ROI: 4.73%
946 Red Ln Salem, VA Totally updated house in a convenient Salem location close to downtown and easy access to ...	3 beds \| 1 baths \| 2,000 sq.ft.	$274,900	Airbnb cash on cash: 5.24% Traditional cash on cash: 3.31% Airbnb Rental Income: $2416 Traditional Rental Income: $1325 Airbnb ROI: 5.24% Traditional ROI: 3.31%
1795 Laurel Mountain Dr Salem, VA This high quality home features the kitchen trend of 2021. Providing a full equipped kitch...	4 beds \| 3 baths \| 2,348 sq.ft.	$515,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.02% Airbnb Rental Income: $null Traditional Rental Income: $2319 Airbnb ROI: N/A Traditional ROI: 3.02%
2430 Tyler Way Salem, VA Beautiful move-in ready home in sought after area of Salem. Brand New upgraded custom deck...	4 beds \| 3 baths \| 2,187 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.14% Airbnb Rental Income: $null Traditional Rental Income: $1810 Airbnb ROI: N/A Traditional ROI: 2.14%
2525 Gatehouse Ln Salem, VA Desirable Ridgewood Farms condo. Recently updated. Living room w/ gas log fireplace and g...	2 beds \| 2 baths \| 1,075 sq.ft.	$220,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 2.94% Airbnb Rental Income: $1350 Traditional Rental Income: $1274 Airbnb ROI: 1.32% Traditional ROI: 2.94%
2766 Fletcher St Salem, VA Welcome to this split-foyer home nestled on a spacious 0.47-acre lot in Salemâs Beverly ...	4 beds \| 2 baths \| 2,466 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.22% Airbnb Rental Income: $null Traditional Rental Income: $2576 Airbnb ROI: N/A Traditional ROI: 6.22%
3208 Harborwood Rd Salem, VA Looking for the joys of country living without being far from amenities?? This adorable Ho...	2 beds \| 1 baths \| 1,148 sq.ft.	$199,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 4.53% Airbnb Rental Income: $1350 Traditional Rental Income: $1233 Airbnb ROI: 2.96% Traditional ROI: 4.53%
303 Riverland Dr Salem, VA Charming 3 bedroom, 1 bath home conveniently located in Salem. Hardwoods throughout main a...	3 beds \| 1 baths \| 2,190 sq.ft.	$249,950	Airbnb cash on cash: 5.82% Traditional cash on cash: 4.01% Airbnb Rental Income: $2416 Traditional Rental Income: $1396 Airbnb ROI: 5.82% Traditional ROI: 4.01%
358 Keesling Ave Salem, VA This home is a 4 Level Spilt located in the City of Salem. It features 4 bedrooms, 2 full ...	4 beds \| 3 baths \| 2,138 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.84% Airbnb Rental Income: $null Traditional Rental Income: $2334 Airbnb ROI: N/A Traditional ROI: 4.84%
507 S College Ave Salem, VA Downtown Salem Charmer! This 1920 home offers large rooms and classic features but also bo...	3 beds \| 2 baths \| 2,481 sq.ft.	$410,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 3.21% Airbnb Rental Income: $2416 Traditional Rental Income: $1886 Airbnb ROI: 3.05% Traditional ROI: 3.21%
920 Tremont Rd Salem, VA This updated brick ranch is move-in ready with beautiful hardwood floors, tons of natural ...	3 beds \| 1 baths \| 2,665 sq.ft.	$359,950	Airbnb cash on cash: 3.19% Traditional cash on cash: 4.42% Airbnb Rental Income: $2416 Traditional Rental Income: $2238 Airbnb ROI: 3.19% Traditional ROI: 4.42%
1104 Christy Cir Salem, VA Immaculate!! This home is completely ready for you to move in and enjoy some pool time thi...	3 beds \| 2 baths \| 1,801 sq.ft.	$375,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 4.64% Airbnb Rental Income: $2416 Traditional Rental Income: $2304 Airbnb ROI: 3.27% Traditional ROI: 4.64%
19 Lake Ave Salem, VA This wonderful property is the perfect starter home located in an incredible part of Salem...	3 beds \| 1 baths \| 1,105 sq.ft.	$249,900	Airbnb cash on cash: 5.75% Traditional cash on cash: 6.88% Airbnb Rental Income: $2416 Traditional Rental Income: $2090 Airbnb ROI: 5.75% Traditional ROI: 6.88%
621 Bonnie Ln Salem, VA Looking to be in a sought after Salem location? Don't miss this great ranch offering an o...	3 beds \| 2 baths \| 3,023 sq.ft.	$339,950	Airbnb cash on cash: 3.72% Traditional cash on cash: 4.13% Airbnb Rental Income: $2416 Traditional Rental Income: $1954 Airbnb ROI: 3.72% Traditional ROI: 4.13%
1844 Richland Hills Dr Salem, VA If country living is what you seek, while still conveniently located near Salem and all it...	3 beds \| 1 baths \| 1,320 sq.ft.	$250,000	Airbnb cash on cash: 5.82% Traditional cash on cash: 4.45% Airbnb Rental Income: $2416 Traditional Rental Income: $1502 Airbnb ROI: 5.82% Traditional ROI: 4.45%
2437 S Clearing Rd Salem, VA Welcome to easy, low-maintenance living in Salem's sought-after Ridgewood Farm community. ...	3 beds \| 2 baths \| 2,190 sq.ft.	$285,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 3.19% Airbnb Rental Income: $2416 Traditional Rental Income: $1663 Airbnb ROI: 3.79% Traditional ROI: 3.19%
38 Corbett St Salem, VA Pride of ownership shows as you walk in the front door, and was custom built by the owner-...	5 beds \| 4 baths \| 5,107 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.48% Airbnb Rental Income: $null Traditional Rental Income: $4356 Airbnb ROI: N/A Traditional ROI: 4.48%
125 Academy St Salem, VA Beautifully remodeled 3BR 2BA condo within walking distance of the Farmer's Market and eve...	3 beds \| 2 baths \| 1,153 sq.ft.	$314,950	Airbnb cash on cash: 3.41% Traditional cash on cash: 3.79% Airbnb Rental Income: $2416 Traditional Rental Income: $1937 Airbnb ROI: 3.41% Traditional ROI: 3.79%
3075 Creekside Dr Salem, VA GREAT HOME ON OVER 3 ACRES IN GLENVAR. CUSTOM BUILT RANCH WITH BONUS ROOM. FLAT LOT, VER...	4 beds \| 2 baths \| 2,167 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.98% Airbnb Rental Income: $null Traditional Rental Income: $1748 Airbnb ROI: N/A Traditional ROI: 1.98%

Real Estate investment in Salem, VA

There are 273 properties for sale in the city of Salem . The median list price in Salem is $286,988 and the average price per square foot is $134. In October 2026, the average monthly cash on cash return in Salem is 3.00%. The average monthly rental income in Salem is $1,823.

Salem, VA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 273 investment properties available for sale in Salem.

In 2026, the best neighborhood to buy investment property is Salem.

The ROI for Short-Term is higher than the Long-Term in Salem with average rental income of $2,416.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, VA

4056 Bendemeer Rd

Salem, VA

3 beds | 1 baths | 1,248 sq.ft.

$239,950

Airbnb cash on cash: 5.98%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $2416

Traditional Rental Income: $1453

Airbnb ROI: 5.98%

Traditional ROI: 4.34%

5150 Cherokee Hills Dr

Salem, VA

4 beds | 2 baths | 2,576 sq.ft.

$409,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.59%

Airbnb Rental Income: $null

Traditional Rental Income: $2067

Airbnb ROI: N/A

Traditional ROI: 3.59%

1062 N Mill Rd

Salem, VA

3 beds | 2 baths | 1,646 sq.ft.

$424,975

Airbnb cash on cash: 2.67%

Traditional cash on cash: 3.34%

Airbnb Rental Income: $2416

Traditional Rental Income: $2090

Airbnb ROI: 2.67%

Traditional ROI: 3.34%

4269 Daugherty Rd

Salem, VA

3 beds | 2 baths | 1,918 sq.ft.

$399,000

Airbnb cash on cash: 2.35%

Traditional cash on cash: 2.3%

Airbnb Rental Income: $2416

Traditional Rental Income: $1805

Airbnb ROI: 2.35%

Traditional ROI: 2.3%

1907 Carleton Dr

Salem, VA

4 beds | 3 baths | 2,860 sq.ft.

$554,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.74%

Airbnb Rental Income: $null

Traditional Rental Income: $2397

Airbnb ROI: N/A

Traditional ROI: 2.74%

704 Joan Cir

Salem, VA

4 beds | 3 baths | 2,800 sq.ft.

$519,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.2%

Airbnb Rental Income: $null

Traditional Rental Income: $4348

Airbnb ROI: N/A

Traditional ROI: 7.2%

1917 Connors Run

Salem, VA

3 beds | 3 baths | 2,184 sq.ft.

$319,950

Airbnb cash on cash: 4.02%

Traditional cash on cash: 4.92%

Airbnb Rental Income: $2416

Traditional Rental Income: $2093

Airbnb ROI: 4.02%

Traditional ROI: 4.92%

2517 S Clearing Rd

Salem, VA

3 beds | 3 baths | 2,095 sq.ft.

$388,000

Airbnb cash on cash: 2.24%

Traditional cash on cash: 2.58%

Airbnb Rental Income: $2416

Traditional Rental Income: $1949

Airbnb ROI: 2.24%